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Drake Software blog for tax pros, covering tax, IRS news, and more

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Errors and Omissions Insurance for Tax Preparers

Drake Software Blog Team - October 19, 2023
Errors and Omissions Insurance for Tax Preparers

Mistakes are inevitable, so why not be prepared? Learn how you can be proactive by obtaining Errors & Omissions Insurance. Thanks to our friend Steve Ferguson from the Business Insurance arm of Protection Plus for his contribution to this article.…

Read more about Errors and Omissions Insurance for Tax Preparers

IRS Fixes Error in Schedule D Worksheet

Bob Williams - May 22, 2019
IRS Fixes Error in Schedule D Worksheet

The Internal Revenue Service says it has corrected a calculation error in its 2018 Schedule D Tax Worksheet. The worksheet should have taxed capital gains at a lesser rate, as mandated by the new tax reform package, the Tax Cuts and Jobs Act, passed in 2017.…

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